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What does it mean to fund a trust?

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What does it mean to fund a trust?

Question: What does it mean to fund a trust?

Answer:  A trust is funded when you transfer assets into the trust. A trust document will provide that the grantor can transfer property into the trust typically not only when the trust is set up, but in the grantors lifetime and that it may also provide that other parties can transfer property into the trust for example the proceeds of a life insurance policy that the trust may be the designated beneficiary.


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